River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1887-06-23
HISTORY OF THE WEEK.

The Fidelity National Bank Of Gin
cinnatti, Ohio, some OF whose officers were
the hackers Of the clique which manipulate
ed the d sastrous Chicago wheat deal, was
taken possession CT on the 2lst, by the gov
ernms mt and receiver appointed 10 wind
up its affairs, its capital having become inn
paired by its connection with that affair.
The liabilities of the Fidelity are stated at
sj,JNJ,UJU, exclusive Of pital. Controller
Trenholm says some days must elapse be-
fore the exact condition of the banks affairs
can he known. The individual deposits
with the bank are -, 10000 and il is said
depositors viii not suffer. Confidence is ex-
pressed that no other bank at Cincinnati Is
involved and that no money panic viii oc-
cur there OF elsewhere.
The mysterious wheat-clique AT
Chicago met with disaster on the 14th,
the price of June wheat dropping from g2
cents TO % cents per bushel, and the l6.GOO,
900 bushels of wheat collected and held at
Chicago. viii now be sold under the ham
mer, so the dispatches state The failure
of the clique principals TO forward margins
caused this great break, which is said to
| involve losses running as high as S6,00O.OOO,
catching parties at Chicago, Milwaukee,,
/ Cincinnati and Duluth. II is firmly de-
| clared that no banks are involved at any of
/ the points named 1t Will take day or
two 10 clear up affairs 50 that the exact
| situation may be known, and settlements
may put things in better shape than they
/ appeared at the close of business on the
/ l4th.
The wheat Generalization ut Chi
cago, did not extend to any great extent TO
| other points on the 18th, prices at New
| York. Baltimore and even Cincinnati being
pretty firm. though trading was quiet and
/ prices but = cents lower than before the
Il q.
/ no quotations. and 10 transactions, all
| awaiting the turn of events at Chicago. At
| Minneapolis there was no evidence OF de-
\ moralizatiOn. on the whole it was thought
I the milling interests were improved by the
I upheaval at Chicago.
A daring train robbery occurred
near Schulenburg Texas, on the Southern
Pacific 2 r. at ! a. m, on the 18th. The
! robbers, a dozen in number, obliged the
| engineer TO stop the train on the open
/ prairie, where they had fire. The
! passeu gers We're robbed OF al the money
they had, the through mail pouches and
| express safe Tihed. 1t is estimated the
/ robbers got Sl.5NO IN money besides
diamonds, watches &c, from passengers.
The business failures during the last
seven DAYS number for the United States
I 1913. for Canada %: total, 2l3; compared
/ with LAB In week. and for the correspond
/ ing week OF last year. l75 The increase
noticed this week arises, of course, mainly
/ through the wheat excitement in Chicago
| and the West III consequence the troubles
seem to b. lighter than usual IN the
country.
c. }. Kershaw. ON the Goth. fled a
bill in the Superior Court at Chicago
against his partners. Messrs. DeWar and
EgglestOn. The Till asks 10 have the part
nershIp dissolved, an accounting order
| granted and q receiver appointed. The
court appointed Porteus 4. b. Weare, re
ceiver, aud that gentleman filed a sJO,OVJ
bond.
The wheat panic at Chicago con-
tinued on the 18th. and there were more fail
ures than the dav before. Kershaw * Co,
the leader of the clique, failed to pass the
clearing house and that dragged down a
dozen or more houses, for unknown
| amounts. The market closed at 1OG7l for
June and ~ for July.
At Chicago Monday night, the 10
year-oId son Of Engineer Mcdonald, the con
victed bOOdier. fell from window
/ and was fatally injured. Sheriff Mats9n
could not he found aud Mcdonald, notwith-
I standing the strenuous efforts of his brother,
remained imprisoned IN q cell while the boy
lay dying.
The propeller Champlain of the
Northern Michigan Transportation line
burned at midnight in Lake Michigan on
/ the 18th. and . lives were lost by burning
| or drowning The explosion OF a lamp III
] the firemau's room caused the fire and the
/ boat burned to the waters edge.
4 special from Jefferson City says it
is officially given out that the supreme
court viii hand down the decision in the
I Maxwell murder case. The judgment Of
/ the st. Louis criminal court viii be affirmed,
I and the prisoner sentenced to hang. There
is but one dissenting Judge
The first of the .boodle" trials of
county officials Of Cook Co, at Chicago, re
| suited in the conviction OF the warden and
! bO0Ekseper of the county hospital, on
| charge OF conspiracy TO defraud, and their
| sentence 10 the penitentiary for years, the
fun penalty.
\ startling shock Of earthquake was
reported at SummervilIe $. C., at 1879
/ Sunday morning, accompanied by the
most prolonged roaring heard since October
/ - Of last year Charleston was not dis
| turbed.
On the 14th, while drilling in blast
hole which had missed fire at the Paint
River. Mich. mine J. b. Ryan and Harry
/ TrelOar had both heads and arms blown
| of and their bodies mangled.